Earlier this month, LoanLogics was named to HousingWire’s 2022 Tech100 list for the ninth consecutive year! This year’s distinction was a result of the groundbreaking machine learning-based technology in, LoanLogics IDEA™ (Intelligent Data Extraction and Automation) for MSR Transfer.
What makes it so groundbreaking you might ask? It’s well known the physical transfer of loan files between counterparties in mortgage servicing rights (MSR) acquisition is fraught with bottlenecks. Manual intake of loans from large sets of diverse sellers leads to errors and delays that raise purchase risk, cycle times and acquisition costs.
Just ask LoanLogics client, Marlin Mortgage Capital, whose same sentiments were captured in a 2021 podcast series, “Friction Free B2B Mortgage Commerce.”
By applying automated, repeatable processes, IDEA for MSR Transfer is helping MSR buyers eliminate the bottlenecks and create more consistent, faster and more cost-effective transactions with sellers.
The solution is currently being used by more than 50% of the industry’s largest MSR buyers. And, also provides 95% coverage of the top co-issuance buyers for MSRs. Adoption runs far and wide given LoanLogics is the underlying technology facilitating transfers between counterparties in the Freddie Automated Servicing TransferSM (FASTSM) program.
To highlight the full capabilities of IDEA for MSR Transfer, we recently released a short 90-second video showcasing the solution. Learn more about the web portal, critical document checks, accuracy and more!
If you’re looking to take advantage of all the secondary market opportunity happening this year, reach out to LoanLogics. We can help you facilitate friction free MSR transfer and buy with confidence.